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21 June 2021

El Salvador President: No capital taxes on Bitcoin, PR for crypto entrepreneurs

El Salvador President: No capital taxes on Bitcoin, PR for crypto entrepreneurs


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El Salvador president Nayib Bukele said in a tweet last night that investors will pay no capital taxes onBitcoin gains, a day after announcing the asset could soon be ‘legal tender’ in the country.

“No capital gains tax for Bitcoin, since it will be a legal currency,” Bukele said, responding to a tweet by Tron founder Justin Sun about crypto investors moving to the country en masse.

No capital gains tax for Bitcoin, since it will be a legal currency.

“Adopting a natively digital currency as legal tender provides El Salvador the most secure, efficient, and globally integrated open payments network in the world,” said Strike founder Jack Mallers at the Bitcoin Miami 2021 event last week. .

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